U6 unemployment rate in the US for May
U.S. Department of Labor announced the U6 unemployment rate in the US for May on 2025-06-06. The reported figure stands at 7.8%, with the prior figure recorded as 7.80%.
Regarding the U6 unemployment rate in the US for May, U4 and U6 refer to data on individuals who have stopped looking for work. This is important because often, even if the unemployment rate is not high, U6 shows that many people have given up looking for work, which reflects serious underemployment. Therefore, U1 to U6 cannot be ignored. Additionally, many financial institutions believe that the U6 unemployment rate better reflects the actual employment situation in the United States, which is used to estimate the Federal Reserve's interest rate hike expectations, The unemployment rate published by the U.S. Department of Labor is derived from a survey of 6,000 households. Therefore, to accurately grasp the state of the job market, in addition to the official data released, there are several detailed metrics to pay attention to, ranging from U1 to U6. U1 represents the percentage of the labor force that has been unemployed for 15 weeks or more; U2 is the percentage of the labor force that is unemployed or has completed temporary work; U3 is the officially published unemployment rate and includes the International Labour Organization (ILO) definition, which is those without work but who have actively sought work in the past four weeks; U4 is U3 plus those who have stopped looking for work, either because they no longer believe there are job openings available due to the economic environment; U5 is U4 plus the discouraged workers, or some capable workers who have not sought work recently. U6 is U5 plus part-time workers who wish to find full-time work but are unable to do so due to economic reasons.
This data holds an importance level of , calculated using Using the labor force population as the denominator, rather than the total population, the equation does not account for the non-labor force population, and updates Once a month (announced on the first Friday of each month, except for special holidays or statistical cycle issues). The next release is set for 2025-07-03 20:30:00.
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